After the recession, Americans shed debt and total household debt reached a low of $11.1 trillion in the second quarter of 2013. But since then, people have began loading up on debt again.

The Q2 total of $12.84 trillion in debt topped the previous high of $12.68 trillion in the third quarter of 2008.

Here are some highlights of the New York Fed’s report:

Housing Debt

— There was $421 billion in newly originated mortgages this quarter.

— Mortgage delinquencies improved, with 1.5 percent of mortgage balances 90 or more days delinquent in 2017 Q2.

— Delinquency transition rates for current mortgage balances were unchanged, with 1 percent of current balances transitioning to delinquency. There was an improvement in the transition rate of mortgages in early delinquency, of which 12.8 percent transitioned to 90 or more days delinquent, compared to 18.1 percent in the previous quarter.

— About 85,000 individuals had a new foreclosure notation added to their credit reports between April 1 and June 30. Foreclosures remain low by historical standards.

Student Loans, Credit Cards and Auto Loans

— Outstanding student loan balances were flat, and stood at $1.34 trillion as of June 30, 2017. The second quarter typically witnesses slow or no growth in student loan balances due to the academic cycle.

— 11.2 percent of aggregate student loan debt was 90 or more days delinquent or in default in 2017 Q2.

Albuquerque’s definitive alternative newspaper publishing an inquisitive, modern approach to the news and entertainment stories that matter most to New Mexicans. ABQ Free Press’ fresh voice speaks to insightful and involved professionals who care deeply about our community.